In an increasingly crowded marketplace for marketplaces, Binance is going on the offensive with a business development push aimed at bringing “100 Creators” to their forthcoming nonfungible token (NFT) platform. In a press release today, Binance announced an NFT drop from Misha Most, a noted street artist who currently holds the world record for the largest wall mural. Most will be making 10 NFTs in collaboration with other artists, and the pieces will be available for sale in the first week of launch of the marketplace, currently scheduled for June 24th. “Digital art is imbued with the spirit of the …

Sustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that the market for nonfungible tokens remains hot. Several investors and venture capitalists participated in the seed round, including Bill Tai, Sun Said of Nima Capital, Sangha Capital, Tezos Foundation, Jack Herrick and Jaeson Ma of East West Ventures. Built on the Tezos protocol, OneOf is a marketplace for artists and fans to tap into digital collectibles. The company claims that minting NFTs on Tezos uses over 2 million times less energy than leading networks like Ethereum. …

Digital artist Sean Williams claims that Mark Zuckerberg’s Instagram is working to create its own NFT marketplace. STORY TIME: INSTAGRAM IS BUILDING AN NFT PLATFORM RIGHT NOW AND THEY’RE REACHING OUT TO UPCOMING ARTISTS IN THE NFT SPACE TO HELP THEM BUILD IT. THE CATCH? They’re reaching out to artists IN OUR COMMUNITY to give them insight on what the NFT community needs, and disguising — Sean Williams (@iArtSometimes) May 18, 2021 Williams tweeted to his 12,000 followers on May 18 that Instagram had invited him and other artists to speak on an NFT focused panel, and to provide feedback …

Art has been serving as the ultimate source of inspiration to many people throughout all of history. In the era of cryptocurrencies and the digitized world, trends change faster than ever. For years, numerous artists have tried stepping into rapidly advancing playgrounds and grabbing their slice of pie, but now their time has truly come. The NFT fever has quickly taken over the industry, turning digital artists and popular meme creators into rich celebrities. It’s hard to estimate when this euphoria will run out of steam, but before the hype train stops, we’ll surely see more market records and thrilling …

Not all NFT platforms are for newly-rich crypto investors to flaunt their wealth, as one project is proving. As the calls from artists and activists grow louder to reduce the carbon footprint of NFTs, one indie platform on environmentally-friendly proof-of-stake blockchain Tezos has seen a surge in activity and is currently hosting a World Art Day event to raise money for the open-source licensing organization Creative Commons. Hic et Nunc, or H=N, announced the event via a short press release from TQ Tezos, a Tezos ecosystem development foundation not formally associated with H=N. Centered on a theme of “#NFTsforall,” the …

The phrase “NFTs are going to the stars” gets a new meaning today as Irish conceptual artist (and one of Cointelegraph’s Top 100 in Blockchain 2020) Kevin Abosch has announced the planned launch of a orbital satellite dubbed “1111 KOSMOS.” The announcement comes shortly after the conclusion of a related NFT drop, Abosch’s 1111 series. A collection of 1111 NFT-backed images, the artist’s website hinted that the pieces would be a gateway to a larger project, and that “over time it will be revealed how communities from around the world can interact with the work.” In an interview with Cointelegraph, …

Copyright infringement in the online world has been an issue ever since the internet entered our lives. With a copy-and-paste culture, it’s never been easier to pass off a funny tweet as one’s own, upload unauthorized versions of chart-topping songs, and repurpose jaw-dropping photographs and videos. Now that nonfungible tokens have entered into the arena, a whole host of new issues have emerged. Opportunists are now tokenizing artwork without consent, and in some cases, artists haven’t realized their pieces have been plagiarized until the NFTs have been bought and sold. One attorney recently told Vice that, while creators do have …

A Latvian artist going only by the name of Kiwie has announced their intention to release more than a thousand nonfungible tokens that represent real-world street art. According to a statement from Kiwie, the NFT pieces will allow art connoisseurs to physically own street art without removing the brick wall, sidewalk or other infrastructure to which it was applied. The NFTs feature 3D renderings of the artist’s “Fat Monster” character spray painted in 1,001 real-world locations with corresponding geotags. “Using NFTs to represent ownership allows to maintain the beauty of the art intact,” said Kiwie. “Blockchain is not just a …

Nonfungible tokens, or NFTs, are “10 times better than their physical counterparts,” according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s "Everydays: The First 5000 Days" for $69 million earlier this year. Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: They are easy to transfer, they don’t have any storage costs and their ownership can be shared. Also, they can democratize the art world by making it …

Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably CryptoKitties, which were released back in 2017. Related: CryptoKitties’ Dieter Shirley on breaking Ethereum and NFTs CryptoKitties became so popular that at one time, CryptoKitty trading clogged the Ethereum network, setting records for transaction volume. NFTs have only grown in popularity since then, and have now been developed for a range of in-game assets, digital collectibles, unique artworks and more. …

Mainstream adoption of nonfungible tokens doesn’t seem to be slowing down anytime soon as the first-ever art gallery dedicated solely to NFT-backed art has opened in New York City. Superchief, an artist collective that operates galleries in New York and Los Angeles, announced the launch of the new gallery in the Union Square neighborhood. The gallery will display NFTs via a collaboration with Blackdove, a manufacturer of high-resolution digital art display screens. The first exhibition, titled “Season One Starter Pack” (possibly a nod to the video game/digitial art cultural crossover) casts a wide net, featuring over 300 artists. Each of …

Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens. Scheduled to take place in 2021, the Hermitage’s NFT project will be Russia’s first exhibition in the field of NFT art, the museum officially announced Thursday. The Hermitage’s contemporary art department is organizing the exhibition, which will be part of its “Hermitage 20/21” project. The announcement read: “Non-fungible tokens have become a new form of securing rights to an artwork using blockchain technology, which allows you to establish unambiguous control over copyright and ownership rights.” The Aksenov Family …